The Islamic finance industry in Malaysia has received yet another tonic from the Malaysian government in the country’s 2012 national budget and at the same time Kuala Lumpur is urging investors to leverage Malaysia’s strength in Islamic finance to promote Shariah-compliant venture capital, considered by many as a classical Islamic financial product which has direct relevance to the real economy and to boosting entrepreneurship.
The 2012 budget in some respects was a typical pre-election budget with several handouts to key sectors including the Islamic finance industry. In the Islamic finance space, Prime Minister Najib has been one of the most proactive supporters of the Islamic finance industry………………………………………..Full Article: Source